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National Skill Development Plan, said people familiar with the development. It will help map human resource requirements in each district of the country which will form the basis for setting up skilling targets under the fourth-phase of the flagship skilling scheme, Pradhan Mantri Kaushal Vikas Yojana (PMKVY 4.0), they said. The move signals a strategic shift since targets have so far been based on sector-wise demand, said a senior government official. «The idea is to expand outreach of the Skill India Mission and ensure employment generation even at the district level and below while also preventing large-scale migration to urban centres for work,» said the official, who did not wish to be identified. The proposed plan will focus on aspects including labour market and skill gap analysis, mapping demand for skilled workforce in the formal sector and employment generation capacity in each district. The demand and supply map of skilled manpower at the district level will then be used to formulate dedicated district plans that will flow into the state skill development plans, officials said. The Ministry of Skills Development and Entrepreneurship (MSDE) is gearing up to launch the fourth phase of the flagship skilling scheme, which is yet to secure the cabinet's approval. However, the government has moved ahead with the first round of financial sanctions under the scheme, said one of the officials.

MUMBAI : The Reserve Bank of India (RBI) slapped penalties totalling ₹71.4 crore in 56 cases in the year so far as it enhanced scrutiny of banks, non-banks and other regulated entities, data compiled by Mint showed. In comparison, the banking regulator levied fines of ₹26 crore across 34 cases in all of last year.

However, the source of their infection is still unknown and is currently under investigation. UKHSA, along with partner organizations, is closely monitoring and following up with close contacts of the case.

The government is set to specify penalties for e-commerce companies misleading consumers into taking unintended decisions, as it tightens regulations on unfair trade practices by digital businesses. The guidelines for what’s known in the industry as dark patterns, or deceptive patterns, are expected in a matter of weeks, said an official informed about the development. The government decided to specify the penalties because the underlying consumer protection law does not specifically name ‘dark patterns’ as an unfair practice, although it has a broad scope and covers all deceptive practices and misrepresentations.

Kerala are set to undergo a name change. As per a TOI report, the Centre has issued directives under the Aalthyushman Bharat scheme, mandating the transformation of these health centres into 'Ayushman Arogya Mandir,' accompanied by the tagline 'Arogyam Parmam Dhanam.' Over 5,000 sub-centres have already been upgraded to public health centres, and efforts are underway to convert 886 primary health centres into family health centres (FHCs) as part of the Ayushman Bharat scheme, with 700 already transitioned into FHCs. The circular, issued by L S Changsan, additional secretary and mission director, National Health Mission, mandates the renaming of all these health facilities as Ayushman Arogya Mandir.

how to keep artificial intelligence safe from rogue actors, pushing for companies to create AI systems that are "secure by design." In a 20-page document unveiled Sunday, the 18 countries agreed that companies designing and using AI need to develop and deploy it in a way that keeps customers and the wider public safe from misuse. The agreement is non-binding and carries mostly general recommendations such as monitoring AI systems for abuse, protecting data from tampering and vetting software suppliers.

Sebi) decision to create a regulatory framework for the facilitation of small and medium real estate investment trusts (SM REITs) is expected to boost participation of retail investors, institutionalise the segment, and encourage greater capital influx from both domestic and offshore investors. The establishment of regulation is poised to bolster investor confidence, expanding acceptance for the burgeoning asset class. This initiative is anticipated to provide crucial support to realty developers, offering an additional avenue to monetize assets and infuse much-needed liquidity into the sector. «With the approval of Micro-REIT guidelines, finally we will soon have a new asset class available to investors to provide secured and stable returns even in a small real estate asset as low as Rs 50 crore,» said Anuranjan Mohnot, MD, Lumos Alternate Investment Advisors. According to him, the new regulation has provided more clarity on the regulatory framework for raising money from the public at large outside Alternate Investment Fund (AIF) with due accountability and skin of the investment manager in the entire scheme. While the finer details are awaited, checks and balances covered in the draft paper released by the regulator in May is likely to make way in the regulations. «SEBI's move is a strong testament to the trust of the regulator on this new-age investment avenue and it further reinforces our belief in the model.

By Navkiran Singh

The Securities and Exchange Board of India (SEBI), during its board meeting on Saturday, made several decisions, including those related to fractional ownership, with the overarching goal of protecting the interests of investors.

BSE) has introduced new guidelines for small and medium enterprises (SMEs) seeking to move to the main board from the SMEs platform. As per the latest guidelines, an applicant firm will be required to have a net worth of at least ₹15 crore for the preceding two financial years to migrate to the main board.

public health situation in China, the health ministry has taken a proactive stance, deciding to review preparedness measures against respiratory illnesses. The ministry has advised all States and Union Territories (UTs) to promptly assess public health and hospital preparedness and implement the 'Operational Guidelines for Revised Surveillance Strategy in the context of COVID-19.' Given the evolving situation, the ministry underscores the importance of closely monitoring trends related to Influenza-Like Illness (ILI) and Severe Acute Respiratory Infection (SARI) at the district and state levels.

mysterious pneumonia outbreak in China, even as it underlined that there is “no need for alarm". “All States and Union Territories are advised to implement ‘Operational Guidelines for Revised Surveillance Strategy in the context of COVID-19’," it said in a media release.

BSE has put in place fresh guidelines for small and medium enterprises looking to migrate from its SME platform to the main board, whereby the applicant will be required to have a net worth of at least Rs 15 crore for the preceding two financial years. Under the guidelines, the applicant firm needs to be listed on the SME platform for at least three years. Besides, they need to have 250 public shareholders before shifting to the main board.

UN climate talks, there have been mounting concerns regarding the implications that global warming is having on people's health. The World Health Organization (WHO) underscores the urgency, citing extreme heat, air pollution, and the surge in deadly infectious diseases as critical threats to human well-being. Central to the WHO's assertion is the necessity to cap global warming within the confines of the Paris Agreement, limiting the rise to 1.5 degrees Celsius.

stampede during a music tech festival at the Cochin University of Science and Technology (CUSAT). The incident has sparked immediate action from Kerala's Higher Education Minister R Bindu, who has called for detailed inquiry reports from the Principal Secretary of Higher Education and the university's Vice Chancellor. The stampede occurred on a Saturday evening, resulting in the tragic loss of four lives and leaving over 50 individuals injured, some critically.

IPO investors would have lost Rs 1,300 crore as interest, says Zerodha Founder and CEO Nithin Kamath. «After a long time, we have had massive activity in the IPO market, with Rs 2.6 lakh crore blocked in bank accounts for IPOs worth Rs 7,600 crore. If this was 2003, it would take 16 working days (or ~1 month), and the entire money would have moved to investment bankers and cost investors (an interest forego) at least 0.5% (assuming 6% pa) or Rs 1300 crores,» Kamath tweeted. As the regulatory regime evolved with time, the T+16 timeline was reduced to T+12, T+6 and then to T+3. «Now, the money never leaves the bank account until allotment.

Finance Minister Nirmala Sitharaman on Saturday dismissed allegations by Kerala's Left government of negligence in fund allocation and claimed that the Central government promptly sends the required funds to the people of the southern state without any delay. Responding to the Left government's allegations of not releasing funds under various categories, she pointed fingers at the state government, alleging that it was due to the state's failure to meet the necessary criteria.

Max Healthcare Institute Ltd. The courses will be certified by the National Council for Vocational Training (NCVT) and are aligned with the guidelines of the Tourism and Hospitality Skill Council (THSC), officials said.

Sovereign Gold Bond (SGB). SGB 2015-I tranche is due for redemption on November 30, 2023. Sovereign Gold Bonds: What are the tax implications? The first SGB was released on November 30, 2015. In accordance with the terms of the arrangement, the bonds must be repaid eight years after they are issued. As a result, on November 30, 2023, the first tranche of SGB will mature.

On the 25th September 2023, the Central Board of Direct Taxes (CBDT) released Notification No. 81/2023, which brings amendments to Rule 11UA. This rule outlines the procedures for evaluating investments made by both resident and non-resident investors in closely held companies (e.g., start-ups). This valuation process plays a crucial role in deciding whether Angel Tax will be applicable to these start-ups. Prior to this release, the board had issued a preliminary draft of the rule and sought feedback and comments from stakeholders and the general public.

I have been a non-resident for the last ten years. I am buying a property in India for investment purposes. I have an NRO account in India. Can I borrow from my relatives and deposit the same in my NRO account? Is it necessary to show proof of the source of the funds I am getting from relatives to NRO? Are there any tax regulations I need to comply with? Under the provisions of FEMA non-resident Indians and persons of Indian Origin (POI) are allowed to buy residential properties in India without having to take any specific permissions from the Reserve Bank of India.